Bitcoin Holds Strong Despite Recent Slump, Driven by Institutional Demand

Despite a recent dip in April that saw Bitcoin price drop below $75,000, the cryptocurrency has regained stability thanks to substantial inflows into spot Bitcoin ETFs. Data indicates notable inflows throughout April, with nearly $1 billion flowing into these funds alone on April 22nd, levels not seen since January’s peak. While this pace has slowed, daily inflows remain steady, indicating sustained interest from institutional players. Retail investors are also contributing to the bullish trend with accumulation in the $93K-$95K price range. This activity is further reinforced by short-term holder behavior; as prices surged past $104K, approximately 90% were sitting on unrealized profits – leading to some selling pressure and potentially impacting the current pause in price growth.